Nasdaq 100 snaps record run

An update here yesterday noted some interesting analysis from a major US bank, regarding the stock markets and cash allocation. If you did not read that then you can trace it back on the news feed today. So, with that in mind it was interesting to see the Nasdaq 100 was unable to balk the wider market yesterday and close higher again. The index fell back right from the opening and could not rebound to a higher close by the end of the session. The Nasdaq 100 hit a session low yesterday at 21,921 and later closed 95 points lower, at 22,001. The fact that is still managed a second daily close above that 22k level is not to be dismissed though. So, with a Fed cut looming tonight (there will be coverage of that here at 7pm GMT) it is all about the dot plot plan and whether or not the Fed could be on hold for a while after that. Hence, it remains to be seen, if the record run for tech and the Nasdaq 100 can resume after what was only a modestly lower close yesterday, when all is said and done. The index is right now priced to reopen around 22,010